Pound Sterling Price News and Forecast: GBP/USD trades weaker around 1.2805

FXStreet Team FXStreet

GBP/USD loses traction near 1.2800 amid modest recovery of US Dollar

The GBP/USD pair trades on a softer note near 1.2805, snapping the seven-day winning streak during the early Asian session on Monday. The recovery of the Greenback drags the major pair lower. However, the downside for the pair might be limited amid the rising bet that the Federal Reserve (Fed) will cut the interest rate in the third quarter.

Friday’s US Nonfarm Payrolls (NFP) came in stronger than expected, adding 206K net new jobs in June, according to the US Bureau of Labor Statistics (BLS). The previous month saw a sharp downside revision to 218K from the initial reading of 272K. Read more...

GBP/USD Weekly Forecast: Pound Sterling looks to US CPI and 1.2900 again

The Pound Sterling (GBP) built on the previous week’s rebound against the US Dollar (USD), driving the GBP/USD pair back toward 1.2800, the highest level in nearly three weeks.

GBP/USD staged a solid comeback from a six-week trough to reach multi-week highs, mainly due to a steep correction in the US Dollar across its main currency rivals. Read more...

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FXStreet

EUR/USD climbs to two-week high above 1.1700

EUR/USD gathers bullish momentum and trades at its highest level in two weeks above 1.1700 on Tuesday after closing in positive territory on Monday. In the absence of high-tier data releases, investors will remain focused on headlines surrounding the EU-US dispute over Greenland.

GBP/USD ignores UK jobs data, advances toward 1.3500

GBP/USD regains its traction and rises toward 1.3500 on Tuesday. Investors ignore the data from the UK, which showed that the ILO Unemployment Rate remained unchanged at 5.1% in the three months to November, and continue to pay close attention to the EU-US conflict.

Gold extends rally, notches new record-high above $4,700

Gold builds on Monday's impressive gains and trades at a new record-high well above $4,700 on Tuesday. Escalating geopolitical tensions and growing fears of deepening trade conflicts, alongside the broad-based selling pressure surrounding the US Dollar, fuel XAU/USD's rally.

Pi Network rebounds slightly but selling pressure persists

Pi Network edges higher by 1% at press time on Tuesday, signaling a minor recovery after recording a fresh record low of $0.1502 on Monday. Mainnet holders have withdrawn over 4 million PI tokens from centralized exchanges supporting Pi Network over the last 24 hours.

Greenland tariffs: What happened, and how to position for the new Europe risk premium

Over the weekend, President Trump threatened a new round of tariffs on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and the UK, with reporting flagging 10% from February 1 and a possible step-up later.

Pi Network Price Forecast: PI rebounds slightly but selling pressure persists

Pi Network (PI) edges higher by 1% at press time on Tuesday, signaling a minor recovery after recording a fresh record low of $0.1502 on Monday. Mainnet holders have withdrawn over 4 million PI tokens from centralized exchanges supporting Pi Network over the last 24 hours.